Financial Advisor to Bank Regarding Bankrupt National Food Wholesaler
Stapleton Group helped achieve the 100% recovery of a bank’s $33.5 million loan to a bankrupt national food wholesaler that had entered an ABC.
ABC of Manufacturer & Contractor
Achieved a recovery 3-4x greater than could have been accomplished in a Chapter 7, saved jobs and ensured customers’ projects were completed
ABC of Custom Cabinetry Manufacturer
Successfully sold a custom cabinetry manufacturer suffering chronic cash flow problems and near bankruptcy to a strategic buyer in an Assignment for the Benefit of Creditors (ABC). Paid secured creditors in full with the proceeds, and administered a claims process for unsecured creditors that returned approximately 5% of accounts payable on a pro-rata basis.